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Newspaper
Roblin Review
Location
Roblin, Manitoba, Canada
Date
Oct 18, 1934
Page
5
Finance Minister publishes details of amendments to the Canadian Farm Loan Act and Farmers Creditors Arrangement Act. The board may grant second mortgage loans and expanded advances to farmers to finance operations, with total advances capped at two thirds of appraised farm value and building value. Repayment terms up to six years and interest not exceeding one percent above first mortgage rates.
A real estate boom hits Jellicoe Ontario as prospectors geologists and miners rush to grab land and shelter before winter. Railways push development along the CN right of way with new hotels bunkhouses stores and housing. A tourist sleeping car provides additional beds at nightly rates to ease accommodation strain.
The official gazette reports King George the sixth granting Prince George the titles Baron of Downpatrick Earl of Saint Andrews and Duke of Kent in honor of his upcoming marriage to Princess Marina of Greece.
The Department of Agriculture estimated this year’s wheat crop at 496,982,600 bushels and corn at 1,416,722,000 bushels, reflecting the impact of a severe drought on U S harvests.
Mrs. Stoll, a social figure, was seized from her upscale home by a hooded kidnapper who left a 50 000 ransom note and bound the maid with tape. The assailant, described as 80 to 85 years old, five eight, 130 pounds, with black hair, fled in an automobile after forcing entry during a false telephone call. Federal, city, and county authorities launched a wide search. Willam A. Stoll and Berry Stoll are involved in the family and company leadership.
Arthur B. Wood of Sun Life Assurance warned at the American Life convention that annuity premium rates assume past experience will repeat and may be insufficient. He urged added provisions for anticipated increases in longevity to avoid ultimate losses.
Madeline Slade and her sister Mirabai, prominent followers of Gandhi, arrived in New York to present Gandhi's ideas to Americans. Slade traveled third class aboard the Majestic, expressing satisfaction with modest accommodations, and plans a lecture series invited by Rev. John Haynes Holmes, head of the American League for India's Freedom.
A dispatch to the British legation from Chungking reports three foreign missionaries seized by outlaws at Lohuanping, 80 miles east of Kwei Yang in Kweichow province. Miss Grace Emblem, a British subject, is attached to the China Inland Mission, with an Englishman and a Swiss national among the other captives.
Fire destroyed the Inter Ocean Elevator in Buchanan Sask burning about 20000 bushels of wheat. Volunteers saved the office records while agent George Ternovetsky was away when the blaze started.
Ottawa announces savings deposit rates cut to two percent from November first by chartered banks, the post office savings system, and Ontario government savings offices. Other banks will match on December first, with loan and trust firms in Ontario to trim by half a percentage point from January second. The prior May 1, 1933 cut lowered rates from three percent to two and a half percent.
Ottawa report quotes Trades and Labour Congress president Tom Moore asserting that broad industrial control in Canada is inevitable to curb widespread exploitation and sweat shops. He urges uniform national legislation, collective agreements, consumer boycott against noncompliers, and careful steps to avoid dictatorship. He also links unemployment insurance and broader social measures to the fight against unrest, noting Canada’s $300,000,000 spent on direct relief since 1930 and current monthly outlays of $60,000,000.
The Dominion Bureau of Statistics notes a strong wheat export rise in August and September with exports totaling 17,588,359 bushels valued at 15,323,000. The September average price was 87.1 cents, up from 75.9 cents a year earlier, and the first six months show export value at 68,937,000 versus 60,279,000 last year, a gain of about 8,500,000.
Ottawa reports a 1934 refunding loan described as an unqualified success with no firm figures on recent applications. Officials kept books open to enable further conversions of 1919 Victory bonds, aiming to exceed the $250 million target while allowing for scale down of larger subscriptions to fit the total issue.
Hon. George Hoadley, Alberta health minister, told the joint annual convention of the Alberta Hospital Association and the Association of Registered Nurses that under the proposed health insurance scheme more residents would receive hospital service and more nurses would be employed than currently.
A three year old Clydesdale gelding named Jack sold for 400 to A Leslie of Watrous Sask. Believed to be the highest Manitoba price in years. Jack won the Manitoba grand championship and will be shown at the Royal Winter Show in Toronto.
Police in Saskatchewan arrest two Chinese merchants in Saskatoon on allegations of possessing about 5000 dollars worth of opium. Detectives from the Royal Canadian Mounted Police led by Sergeant L J Black in Edmonton believe they have struck at the leadership of a prairie narcotics ring. The case follows a Montreal bust that shattered a million dollar international network, with Black recently returning from that city. The arrestees include Dai Kwok Lane and Fred Hewa, who are said to have rural business ties.
The Daily Mail reports preparations at Avon Castle Hampshire for the Earl of Egmont his wife and their infant son to return to Britain before he comes of age next April. He is 20 and currently lives on an Alberta ranch near Calgary. He aims to take his seat in the House of Lords upon return.
Paris reels as King Alexander of Yugoslavia and French Foreign Minister Barthou are target of assassins. Police probe forged Czech passport found on Kalemen, while Doumergue faces blame for security lapses. European authorities seek terrorists linked to the plot and fear potential outbreak of wider conflict.
Washington officials said no wheat exports are planned this year due to a 496 million bushel crop forecast. Only a soft white Pacific Northwest surplus may be sold to the federal surplus relief corporation, with total U S wheat supply near 786 million bushels and a projected 125 million bushels carryover into 1935-36.
Manitoba Retail Merchants Association proposes a government department of trade and industry to prohibit unfair practices and regulate Manitoba commerce by code and license. The plan includes minimum wage and price fixes, licensing of all traders, and industry codes to be approved by licensed participants before coming into force.
Premier Mitchell Hepburn announced Ontario will wage war against financial racketeers and improper financial practices. After a cabinet meeting, new regulations strengthen the Securities Commission and place it on a broader, more supportive basis under Commissioner Godfrey.
Mr Justice A. K. Dysart was elected chairman of the University of Manitoba board of governors succeeding D. C. Coleman who moved to Montreal. H. A. Bergman K C was named vice chairman to succeed Dysart.
Hon. C. H. Cahan secretary of state for Canada and Mrs. Cahan returned aboard the liner Empress of Japan after a holiday trip to the Orient. He said it was purely a holiday trip with nothing to say about business or impressions, and that he enjoyed the trip and saw a great deal.
Edward S H Adams of Calgary was chosen as the new president of the Alberta Hospitals Association at the close of the annual convention session.
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